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A loan of $900 will be repaid in 36 installment payments of $30.22 each. what is the finance charge for the loan?

A loan of $900 will be repaid in 36 installment payments of $30.22 each. what is the finance charge for the loan?
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2 votes
A loan of $900 will be repaid in 36 installment payments of $30.22 each.

what is the finance charge for the loan?

User Sagar Kachhadiya
by
7.4k points

1 Answer

2 votes
187.92

36 payments of $30.22 is $1,087.92. $900 from 1,087.92 is $187.92
User Blaneyneil
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